for the Period Ended 31 December 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2024
Principal activities of the company
Political and charitable donations
Additional information
Going Concern In preparing the financial statements, the Directors have considered the cashflows and funding of the Everyone TV Limited group, of which the Company is a subsidiary. In preparing this Group wide going concern assessment the Directors have prepared a detailed operational and cashflow budget for the next 12 months. The existing funding commitment from its ultimate shareholders (members) runs to 31 December 2026. We are now in discussions with our ultimate members over a new 3-year funding agreement and are confident that we will reach agreement before the end of 31 December 2026. The shareholder funding is received by Everyone TV Limited (ultimate parent company) which has undertaken to continue to provide financial support to the Company if there is any shortfall in the Company’s ability to meet its liabilities as they fall due for a period of 12 months from the date the accounts are signed. The operations of the Company, to the extent they are not funded through external sales, are provided for by the parent company. The funding received from the parent company is treated as Turnover within these Financial Statements, as it represents funding for provision of services in accordance with note 1g. The Directors of the Company are also Directors of the ultimate parent company and are directly responsible for the maintenance and agreement of the members funding agreement. The Directors have considered the viability of both the Company and its parent as a combined Group and have considered the ability of its Members BBC, ITV, Channel 4 and Channel 5 to provide sufficient resources to ensure that the Group is adequately funded to provide the services and achieve its objectives. Based on the existing funding agreement, the cash reserves, the detailed cashflow forecasts prepared and their assessment of the members ability to deliver on their commitment under this funding agreement, the Directors have a reasonable expectation that the Company supported by the Group has adequate resources to continue in operational existence for at least 12 months from the date of signing these financial statements. Thus, the Directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Directors
The directors shown below have held office during the whole of the period from
1 January 2024
to
31 December 2024
The director shown below has held office during the period of
1 January 2024
to
10 December 2024
The director shown below has held office during the period of
1 January 2024
to
3 July 2024
The director shown below has held office during the period of
10 December 2024
to
31 December 2024
The director shown below has held office during the period of
3 July 2024
to
31 December 2024
Secretary
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2024 | 2023 | |
|---|---|---|
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£ |
£ |
| Turnover: |
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| Cost of sales: |
(
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(
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| Gross profit(or loss): |
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| Distribution costs: |
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| Administrative expenses: |
(
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(
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| Other operating income: |
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| Operating profit(or loss): |
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| Interest receivable and similar income: |
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| Interest payable and similar charges: |
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| Profit(or loss) before tax: |
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| Tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2024 | 2023 | |
|---|---|---|---|
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£ |
£ |
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| Current assets | |||
| Debtors: | 3 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 4 |
(
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(
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| Net current assets (liabilities): |
( |
( |
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| Total assets less current liabilities: |
( |
( |
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| Total net assets (liabilities): |
( |
( |
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| Capital and reserves | |||
| Called up share capital: |
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| Profit and loss account: |
( |
( |
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| Total Shareholders' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2024
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Total |
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for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade creditors |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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